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be applied, at the option of Beneficiary, in pa n ant at least equal m the lesser of the will at a minimum, cover Insses ramrod by fire, I Treaterls) will obtain and keep flood insurance ) of 1968, as amended, and by regulations Impler by Trustorls) or by any insurer, for whatever it 3. To keep all buildings, fixtures, attachments maintenance, and condition and ro oMdhe, cam enter upon the property to inspect the same or 4. In the event Tlusterle) fads to pay any hens, buildings, Fixtures, attachments, or Impr.v,mOc or provide insurance, maintenance, or repairs Immediately due and payable and bear interest Benefiriary of any such amounts will in no mam rights and remedies. In the oven) Beneficiary is a party to any I e li enforce this crust Deed or any suit In which B, d o0 3006,23 (indebtedness matured or unmatured secured by this Trust Deed. Such insurance will be me, the actual cash value of the collateral, or the replacement cost of the property, and ixpin_alen, riot, aircraft, vehicles, vandalism, civil commotion, smoke, windstorm, and hall, cover losses by flood as required by Beneficiary and by the National Flood Insurance Act same. Trustorls) further agree that Beneficiary is nut and will not be liable for any failure )brain and keep this Insurance in force. r improvements new on or hereafter placed on the property occupied and in good repair, mit any acts of waste or any impairment of the value of the property. Beneficiary may I any acts authorized herein or in the loan agreements), is assessments, taxes, rants, fees, or Fraud, a, maintain any momenta on the prpperlyr affecting the y Is med ;t fees, attar) is) or uxu, successors by the coat apply the same In payment of any is bronchi order any 6ankrumov Iawa, Beneficiary, reopen its or the lien of this Trust Deed, Including any action by Beneficiary to it )including condemnation and bankruptcy proceedings) Beneficiary Ito the extent allowed by law), costs, exppenses, appraisal fees, and mass I Indebtedness secured hereby, be ediately due and payable and ice until paid. anent domain are hereby assigned to Beneficiary; and Beneficiary is due and on real property, including the appointment of a Receiver upon ex maeotemaks secured nereoy or In me loan agreemen en. canny try nenenclary In exercising Its rights upon default wan not as construed as a waiver thereof and any act of Beneficiary waiving any specified default will not he construed as a waiver of any future default If the proceeds under such said or foredos.re are insufficient to pay the total indehtednass secured hereby, Trustods) on hereby agree to be personally bound in pay the unpaid balance, and Beneficiary will be entitled to a deficiency judgment. 8. Should Beneficiary elect to exercise the Power of Sale granted herein, Beneficiary will notify Trustee who will record, publish, and deliver to Trustor(s) such Notice of Default and Notice of Sale as then required by law and will in the manner provided by law, sell the property at the time and place of sale fixed in the Notice of Sale, either as a whole or in separate lots, parcels, or items and In such order as Trustee will deem expedient. Any person may bid at the sale including Trustorls), Trustee or Beneflelary. 9. Trustorls) hereby requests a copy of any Notice of Default or Notice of Sale hereunder to be mailed by certified mail to Trustorls) at the addresses) act forth harem_ 10. Upon default, Beneficiary, either In person or by agent, with or without bringing any action or proceeding and with or without regard to the value of the property or the sufficiency thereof to discharge the indebtedness secured hereby, is authorized and entitled to enter upon and take possession of the property in Its own name or In the name of the Trustee and do any acts or expend any sums it deems necessary or desirable to protect or preserve the value of the property or any interest therein, or increase the Income therefrom; and with or without taking possession of the property Is authorized to sue for or otherwise collect the rents, issues, crops, profits, and Income there.[ including thus. U.at due and unpaid, and apply the same upon any Indebtedness secured hereby or in the loan agreements). No remedy herein conferred upon or reserved to Trustee or Beneficiary is intended to be exclusive of any other remedy herein or by law provided or permitted, but each will be cumulative, will be in addition to every other remedy given hereunder or now or hereafter existing at law or in equity or by statute, and may be scattered concurrently, independently or surressmely. 11. Trustorls) acknowledges that the duties and obligations of Trustee will be determined solely by the express provisions of this Trust Dead or the Nebraska Trust Deeds Act and Trustee will not be liable except for the performance of su.h dubs and obl,g.h.ns ,a are syeelfieally set birth therein, and he implied owermets or Obligations will be imposed upon Trustee; Trustee will net be liable for any action by it In good faith and reasonably believed by it to be authorized or within the discretion or rigghts of powers conferred u on it by this Trust Deed or state law. 12. The integrity and responsibility of Tool constitutes a part of the consideration for the al, gations secured hereby. Should Trustorls) sell, transfer, or convey the roperty described herein, without prior written consent of Beneficiary, Beneficiary, at its option, may declare the entire Indebtedness immediately due and payable and may proceed in the enforcement of its rights as on any other default. 13. Assignment of Rents lncludmg Proceeds of Mineral Leases. Trustor(s) hereby assigns, transfers, and conveys to Beneficiary all rents, royalties, bonuses, and delay moneys or other proceeds that may from time to time become due and payable under any real estate lease or under any all, gas, gravel, rock, or other mineral lease of anyy kind including geothermal resources now existing or that may hereafter come into existence, covering the property or any part thereof. All su h s ms r ved by Beneficiary will be applied to the indebtedness secured hereby; or Beneficiary, at Its option, may turn over and deliver to Trustorls) or their successors in Interest, any or all of such sums without prejudice to any Of Banefciary's rights to take and retain future sums, and without prejudice to any of its other rights under this Trust Deed. This assignment will be construed to Le a pruvisiun fur the payment Or reduction of the debt, subject to the Beneficiary's option as herelnbetore provided, independent of the lien on the property. Uron payment in full of the debt and the reconveyance of this Trust Deed of record, this assignment will become inoperative and of no further force and effect. 14. This Trust Deed constitutes a Security Agreement with respect to all the property described herein. 15. The covenants contained in this Trust Deed will he deemed to be severable; In the event that any portion of this Trust Decd is del.rmined to be void or unenforceable, that determination will not affect the validity of the remaining portions of the Trust Dead, patella V INDIVIDUAL BORROWER ACKNOWLEDGMENT STATE OF NEBRASKA ) I as COUNTY OF HALL ) On this 15th day of January 2003 before me, a Notary Public, personally appeared Merlin P. Dibbern, a /k /a Merlin Peter Dibbern, a single person to me known to be the patterns) named in and who executed the foregoing instrument, and acknowledged that he executed the same as his voluntary act and deed. GENERAL NBTANY•BpiclNNebraska S7 (SEAL) ECHO ALCORN My Pmmn. Epl. March 21, 2888 Echo Alcorn My commission expires Ma Felt 2 , 2006 (Type name antler samens,e) Notary Public in and for said County and State Ap #: 002131513; Primary Customer ID #: 00102625; CIF 4: 106542 Legal Due. Lou, January 10. 20U3 FORM 5011, Trust Deed and Assignment of Rents Page 2